STOCK PRICE FOR WFM

Shares of Whole Foods were down as much as 4.4% in after-hours trading on Wednesday.

Comparable-store sales — at locations open for at least one year – fell 2.4%, greater than the expected decline of 1.7%.

The company says it sees full-year 2017 adjusted EPS of at least $1.33, which is below their previous estimate of $1.42 and short of the $1.44 that analysts were anticipating.

"In this increasingly competitive marketplace, we are committed to taking every step necessary to improve comps and deliver higher returns for our shareholders," John Mackey, co-founder and chief executive officer of Whole Foods Market said in the earnings release.